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Resolution 2018-30374RESOLUTION NO 2018 -30374 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE THIRD AMENDMENT TO THE GENERAL FUND, ENTERPRISE FUND, INTERNAL SERVICE FUND, AND SPECIAL REVENUE FUND BUDGETS FOR FISCAL YEAR 2017/18. WHEREAS, the budgets for the General Fund, Enterprise Funds, Internal Service Fund, and Special Revenue Fund for Fiscal Year 2017/18 were approved on September 25, 2017, with the adoption of Resolution No. 2017 - 30023; and WHEREAS, the First Amendment to the General Fund, Enterprise Fund, Internal Service Fund, and Special Revenue Fund budgets for Fiscal Year 2017/18 was approved on November 13, 2017, with the adoption of Resolution No. 2017 - 30088; and WHEREAS, the Second Amendment to the General Fund, Enterprise Fund, Internal Service Fund, and Special Revenue Fund budgets for Fiscal Year 2017/18 was approved on April 11, 2018, with the adoption of Resolution No. 2018 - 30278; and WHEREAS, pursuant to Florida Statutes Section 166.241(4)(c), the City's budget amendment must be adopted in the same manner as its original budget; and WHEREAS, this proposed amendment would appropriate $1,079,000 in the General Fund, which is a portion of the City's year one reimbursement from the Redevelopment Agency totaling approximately $6.4 million based on its proportionate share of previous year expenses for administration, community policing, and capital maintenance, for repayment of U.S. Department of Housing and Urban Development (HUD) grant funds to comply with the completed Office of the Inspector General Audit as recommended by the Letter to Commission (580 -2017) dated December 5, 2017; and WHEREAS, this proposed amendment also de- appropriates $460,000 collected in the City's Miami City Ballet Special Revenue Fund capital and maintenance sub - accounts, previously approved, through Resolution No 2018- 30278, for unforeseen repairs, maintenance, and improvements that may be necessary to be subsequently proposed as a mid -year capital budget appropriation as a result of a site inspection completed of the facility identifying numerous capital improvements deemed of critical importance. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that following a duly noticed public hearing on July 2, 2018, the City Commission hereby adopts the Third Amendment to the Fiscal Year 2017/18 General Fund, Enterprise Fund, Internal Service Fund, and Special Revenue Fund budgets as set forth in this Resolution and in the attached Exhibit "A." PASSED and ADOPTED this 2nd da - • -I , 20 ATTEST: Raf_el E. G APPROVED AS TO FORM &LANGUAGE & FQR EXECUTION V ( G y S"C` 1, -Z, Redevelopment Agency Date General Counsel- GENERAL FUND REVENUES Operating Revenues Ad Valorem Taxes Ad Valorem - Capital Renewal & RepL Ad Valorem Taxes - Normandy Shores Other Taxes Licenses and Permits Intergovernmental Charges for Services Fines &Forfeits Interest Earnings Rents and Leases Miscellaneous Resort Tax Contribution Other Non- Operating Revenue Fund Balance/ Retained Earnings Total General Fund APPROPRIATIONS Department Mayor and Commission City Manager Communications Budget &Performance Improvement Internal Audit Org Dev & Performance l nitiative Finance Procurement Human Resources /Labor Relations City Clerk City Attorney Housing & Comm. Development Building Environment & Sustai nability Code Compliance Planning Too m, Culture, and Econ. Development Parks &Recreation Public Works Capital Improvement Projects Police Fire Emergency Management Citywide Accounts -Other Citywide Accounts - Operating Contingency Citywide Accounts - Normandy Shores Subtotal General Fund Exhibit "A" FY 2017/10 3rd Budget FY 2017/18 Amended Budget Amendment Revised Budget 174,642000 721,000 181,003 22,856,000 31,417,003 11,255,000 12,246,000 1,351,0.1] 692,0.60 5,947,000 13,635,0 34,950,000 21,434,001 1079,000 3,542,000 334,869,000 $ 1,079,300 174642,000 721,000 181,003 22,8560.60 31,417.0.00 11,255.000 12,246,0.00 1,351.0]1 692.000 5,947.000 13,635.000 22,513.000 3,542.000 335,94&000 FY 2012/18 3rd Budget FY 2012 /12 Amended Budget Amendment Revised Budget 2,310,000 3.969.000 2,136,000 1,765,000 1,037,000 888,000 6,073,000 2,486,000 2,807,000 1,760,000 5.859.000 3,345,000 15,761,000 1,265,030 6,015,000 0,693,000 4,532,000 36,496,000 15,773,00 1,079,000 109,082,000 83,414,000 3,181,000 10,484,0.00 1250,0.10 277,000 331,748,300 $ /079,030 2,310,E 2,136000 1,765,000 1037.t 888,000 60730 2,486000 2,807,000 1,760 OW 5,859000 4,424,000 15,761.0.0 1265,000 6015,000 4,532000 36,496,000 15,773,000 109,082,000 83,414,0W 3,181,000 10,484,000 277,00O 332,827,930 TRANSFERS Capital Renewal & Replacement 721,000 721,000 Pay -As- You -Go Capital Fund 2,400,000 2,400000 Subtotal General Fund Transfers 3,121,000 $ 3,121, Total General Fund $ 334 869,300 $ 1,079,000 $ 335,948,000 ENTERPRISE FUNDS Exhibit "A" F1'2017 /18 3rd Budget FY 2017/18 Amended Budget Amendment Revised Budget REVENUE/APPROPRIATIONS Convention Center $ 13846,000 Parking $ 59285,000 Sanitation $ 22,724,000 Sewer Operations $ 50105,000 Storm Water Operations $ 28,785,000 Water Operations $ 39,198,000 Total Enterprise Funds $ 213,943,000 $ INTERNAL SERVICE FUNDS REVENUE/APPROPRIATIONS Central Services Fleet Management Information Technology Property Management Risk Management Medical and Dental Insurance Total Internal Service Funds SPECIAL REVENUE FUNDS 13846,000 59,285,000 22,724,000 50,105,000 28,785,000 39,198,000 213,943,000 FY 2017/18 3rd Budget FY 2017/18 Amended Budget Amendment Revised Budget 1,074,000 $ 1,074,000 8,817,000 $ 8,817,000 16,772,000 $ 16,772,000 9,050,000 5 9,050,000 19,270,000 $ 19,271,000 31,962,000 5 31,962,000 80945,000 $ $ 86,945,000 FY 2017/12 3rd Budget FY 2017/18 Amended Budget Amendment Revised Budget REVENUE/APPROPRIATIONS Resort Tax $ 84.006,000 Transportation $ 13,703,008 People'STransportation Plan Fund $ 3,701,003 7th Street Garage $ 2,590,000 5th &Alton Garage $ 635,000 Tourism and Hospitality Scholarship Prgm $ 184,000 Information and Communication Tech Fund $ 787,000 Education Compact $ 385,000 Sustainability Fund $ 346,000 Residential Housing $ 694,0.30 Red Light Camera Fund $ 1,333,09 E -911 Fund S 185,000 Cultural Arts Council 5 1,857,800 Normandy Shores $ 289,000 Tree Preservation $ 184000 Commemorative Tree Trust Fund $ 1Q000 Police Confiscation - Federal $ 154000 Police Confiscation - State $ 217,000 Police Special Revenue - Unclaimed Property $ 75,008 Police Special Revenue - Crash Report Sales $ 25,008 Police Training $ 22,000 Waste Haulers Add Sery & Public Benefit $ 130000 Miami City Ballet $ 460,800 Adopt-A -Bench Program $ 00,000 Total Special Revenue Funds $ 112033,000 $ (460,000) (460000) 84,006,000 13,703,000 3,701,000 2,590,000 635,000 184,000 787,000 385,000 346,000 694,000 1,333,90 185,000 1,857,000 289,000 184,000 10,000 155,000 217,000 75,000 25,000 22,000 130,000 0 60.030 111,573,000 MIAMI BEACH Resolutions - R7 A COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Jimmy L. Morales, City Manager DATE: July 2, 2018 9:31 a.m. Public Hearing SUBJECT A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE THIRD AMENDMENT TO THE GENERAL FUND, ENTERPRISE FUND, INTERNAL SERVICE FUND, AND SPECIAL REVENUE FUND BUDGETS FOR FISCAL YEAR (FY) 2017/18, RECOMMENDATION See Memorandum attached. Legislative Tracking Budget and Performance Improvement ATTACHMENTS: Description ❑ Memo - FY 2017/18 3rd Operating Budget Amendment Page 118 of 408 Ciy of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www. miamibeachfl.gov COMMISSION MEMORANDUM TO. Mayor Dan Gelber and Members of the City Commission FROM Jimmy L. Morales, City Manager DATE: July 2, 2018 SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE THIRD AMENDMENT TO THE GENERAL FUND, ENTERPRISE FUND, INTERNAL SERVICE FUND AND SPECIAL REVENUE FUND BUDGETS FOR FISCAL YEAR 2017/18 ADMINISTRATION RECOMMENDATION Adopt the Resolution. KEY INTENDED OUTCOME SUPPORTED Ensure expenditure trends are sustainable over the long term. ANALYSIS The budgets for the General Fund, Enterprise Funds, Internal Service Funds, and Special Revenue Funds for Fiscal Year 2017/18 were approved on September 25, 2017, with the adoption of Resolution No. 2017 - 30023. The First Amendment to the General Fund, Enterprise Funds, Internal Service Funds, and Special Revenue Funds budgets for FY 2017/18 was approved on November 13, 2017, with the adoption of Resolution No, 2017 - 30088. The Second Amendment to the General Fund, Enterprise Funds, Internal Sery ice Funds, and Special Revenue Funds budgets for FY 2017/18 was approved on April 11, 2018, with the adoption of Resolution No. 2017 - 30088. Section 166,241(4)(c), Florida Statutes, requires that a municipality's budget amendment must be adopted in the same manner as its original budget. Page 119 of 408 Third Amendment to the FY 2017/18 General Fatal Enterprise, Internal service, and Speoal Revonuo Funds eueoets Page 2 4T" AMENDMENT — RDA INTERLOCAL AGREEMENT On January 26, 1993, Miami -Dade County adopted Resolution No. R- 14 -93, which, among other things, found the area of Miami Beach bounded on the east by the Atlantic Ocean, on the north by 24th Street, on the west by West Avenue, and on the south by 14th Lane to be a "blighted area" within the meaning of Part III of Chapter 163, Florida Statutes, and delegated to the City of Miami Beach, pursuant to Section 163.410, Florida Statutes, certain powers conferred upon the County Commission as the governing body of Dade County by Part III of Chapter 163, Florida Statutes, with regard to the Redevelopment Area, so that the City Commission, either directly or through its duly designated community redevelopment agency, could exercise such powers. On November 16, 1993, the County and the City approved and entered into an Interlocal Agreement, by which the County delegated to the City certain redevelopment powers, including but not limited to the creation of the Redevelopment Area and implementation of the Redevelopment Plan. The First Amendment to the Interlocal Agreement, approved by the County Commission, through Resolution No. R- 889 -03, and approved by the City Commission, through Resolution No. 2003- 25241, delegated to the City the power to develop and implement community policing initiatives. The Second Amendment to the Interlocal Agreement. approved by the County Commission, through Resolution No R- 958 -04, and approved by the City, through Resolution No. 2004 - 25560. allowed the Redevelopment Agency to refund certain bonds and provided for an annual fee of one and one -half percent to be paid to the County and City annually to defray administrative costs after debt service and all other obligations related to the bonds or future indebtedness was satisfied for the fiscal year. The Third Amendment to the Interlocal Agreement, approved by the County Commission, through Resolution No. R- 1110 -14, and approved by the City Commission, through Resolution No. 2014- 28835, among other things, allowed the Miami Beach Redevelopment Agency to issue $430 million in bonds to refund existing debt and partially fund the Miami Beach Convention Center expansion and renovation project and delineated the annual administrative and operating expenditures for the Redevelopment Agency and any remaining funding to be used to retire debt early. The Fourth Amendment to the Interlocal Agreement, approved by the County Commission on June 19, 2018, through Resolution No. R- 644 -18, and approved by the City on April 25, 2018, through Resolution No. 2018- 30288, will provide for the following: 1. Add certain expenditures to the authorized expenditures of the Redevelopment Agency. 2. Allow the Redevelopment Agency to reimburse the City $6,914,221 for construction delays and damages to the Convention Center renovation and expansion project resulting from Hurricane Irma. 3. Include proposed funding in an amount up to $20.0 million to fund the Lincoln Road project, previously authorized as part of the Third Amendment, for a total project amount of up to $40.0 million for the Lincoln Road project. 4. Distribute to both the County and the City, beginning in FY 2017/18 and continuing until FY 2022/23, a reimbursement based on each entity's proportionate share of expenditures for administration, community policing, and capital maintenance, and require that both set aside $1.5 million of the annual reimbursement for beach re- nourishment that can be utilized to leverage State or Federal funding for beach re- nourishment projects. Page 120 of 408 Third Amendmenl lo the FY 201In8 Gene, el Fund. Enterprise, Internal Se cc. and Spec el Revenue Funds 8uogets Page 3 5. Utilize any excess revenues, after the foregoing distributions, for the early prepayment of debt, as originally stipulated in the Third Amendment to the Interlocal Agreement. This proposed amendment would appropriate $1,079,000 in the General Fund, which is a portion of the City's year one reimbursement totaling approximately $6.4 million based on its proportionate share of previous year expenses for administration, community policing, and capital maintenance to be transferred from the Redevelopment Agency. The $1,079,000 is proposed to be used for the repayment of U.S. Department of Housing and Urban Development (HUD) grant funds to comply with the completed Office of the Inspector General Audit as recommended by the Letter to Commission (580 -2017) dated December 5, 2017. MIAMI CITY BALLET FUND The Miami City Ballet has been a tenant of the City -owned property located at 2200 Liberty Avenue pursuant to the lease agreement for a 63,000- square foot facility consisting of administrative offices, a school, studio space, and a gift shop executed February 9, 2006. The lease has an initial term of forty years and sixty -three days, with four possible separate renewal options, subject to certain renewal conditions being met. As part of the lease, to provide future funding for maintenance and capital improvements in the facility, the Miami City Ballet is required to pay the City, as additional rent, funds which are owned, held, and disbursed by the City in sub - accounts for any necessary maintenance and capital improvements. The Second Amendment to the FY 2017/18 operating budget, approved by the City Commission through Resolution No. 2018 - 30278, appropriated $460,000 collected in the City's capital and maintenance sub - accounts established pursuant to the lease agreement to provide funding for any unforeseen repairs, maintenance, and improvements that could potentially be needed in the facility in accordance with the current lease agreement. Subsequent to approval of the Second Amendment, the Miami City Ballet's capital maintenance plan was modified as a result of a site inspection completed by outside consultants and contractors. Numerous building improvements were deemed of critical importance, for which the Miami City Ballet proposes to complete utilizing a Florida State Cultural Facilities Grant combined with funding paid to the City and deposited in its maintenance and capital sub - accounts. Since these improvements, which are deemed critical, are not considered operating improvements, but rather capital improvements (as they result in the improvement of a fixed asset and have a life expectancy of at least five years), this proposed amendment would de- appropriate $460,000 in the Miami City Ballet Fund, approved by Resolution No. 2018- 30278, to be appropriated mid -year through a capital budget amendment. CONCLUSION The Administration recommends that the Mayor and City Commission adopt the Third Amendment to the General Fund, Enterprise Fund, Internal Service Fund, and Special Revenue Fund Budgets for Fiscal Year 2017/18. J LM /J W /TOS Page 121 of 408